JAKARTA -- Indonesia's Ministry of State Owned Enterprises on Wednesday promoted Nicke Widyawati, the current interim CEO of Pertamina, as the new full-time chief of the state-owned oil and gas giant.
Companies
Pertamina's new CEO faces tough fight amid low state-set prices and rising costs
Government wants to keep fuel cheap in run-up to next year's national election
The company said that it had lost around $1 billion in net profits because of the government's policy. (Photo by Takaki Kashiwabara)
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